Electronic Arts (NASDAQ:EA) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday, The Fly reports.

A number of other analysts have also weighed in on the stock. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a report on Wednesday, November 29th. Finally, Barclays decreased their target price on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $122.26.

Shares of Electronic Arts (NASDAQ:EA) opened at $112.00 on Friday. Electronic Arts has a 12-month low of $78.25 and a 12-month high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $34,580.00, a P/E ratio of 29.55, a PEG ratio of 1.85 and a beta of 0.61.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at approximately $17,956,014.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Wilson sold 10,058 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total transaction of $1,144,700.98. The disclosure for this sale can be found here. In the last three months, insiders sold 67,516 shares of company stock valued at $7,357,395. Corporate insiders own 2.55% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Daiwa SB Investments Ltd. boosted its position in Electronic Arts by 34.4% during the 4th quarter. Daiwa SB Investments Ltd. now owns 8,680 shares of the game software company’s stock valued at $912,000 after buying an additional 2,220 shares during the period. Sit Investment Associates Inc. boosted its position in Electronic Arts by 11.5% during the 4th quarter. Sit Investment Associates Inc. now owns 57,755 shares of the game software company’s stock valued at $6,068,000 after buying an additional 5,940 shares during the period. DnB Asset Management AS boosted its position in Electronic Arts by 3.7% during the 4th quarter. DnB Asset Management AS now owns 33,384 shares of the game software company’s stock valued at $3,507,000 after buying an additional 1,200 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Electronic Arts during the 4th quarter valued at $851,000. Finally, Aurora Investment Counsel purchased a new stake in Electronic Arts during the 4th quarter valued at $2,209,000. 93.51% of the stock is owned by institutional investors.

WARNING: “Electronic Arts (EA) Stock Rating Lowered by Morgan Stanley” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.thecerbatgem.com/2018/01/12/electronic-arts-ea-stock-rating-lowered-by-morgan-stanley.html.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

The Fly

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.